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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
NET (LOSS) INCOME $ (30,086) $ 20,758
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
PROVISION FOR CREDIT LOSSES 143,555 87,992
Depreciation and amortization 8,080 3,221
Origination of loans held for sale (437) 0
Proceeds from sales of loans held for sale 118 0
Loss on disposition of fixed assets 11 0
Decrease in operating lease right-of-use assets 542 430
Decrease in operating lease liabilities (552) (437)
Net amortization on investment securities 27 13
Unrealized holding (gain) loss on equity investment, net (101) 423
Stock-based compensation 3,903 4,534
Increase in bank-owned life insurance value (271) (255)
Deferred tax expense (17,049) (228)
Net change in CCBX receivable (5,087) 1,129
Net change in CCBX credit enhancement asset (22,698) 14,111
Credit enhancement valuation adjustment 46,009 0
Net change in CCBX payable 5,487 3,768
Net change in other assets and liabilities 21,377 2,261
Total adjustments 182,914 116,962
Net cash provided by operating activities 152,828 137,720
CASH FLOWS FROM INVESTING ACTIVITIES    
Net increase in FRB and FHLB securities (542) 0
Change in equity investments, net (697) (2,144)
Principal paydowns of investment securities available-for-sale 2 3
Principal paydowns of investment securities held-to-maturity 2,972 1,729
Purchase of intangible assets (125) 0
Purchase of bank owned life insurance (18) (18)
Proceeds from sales of loans held for sale 7,840,403 2,044,298
Purchase of loans and loan participations (40,278) 0
Increase in loans receivable, net (8,395,389) (2,235,451)
Purchases of premises and equipment, net (4,048) (4,842)
Net cash used by investing activities (597,720) (196,425)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net increase in demand deposits, money market, and savings 718,872 331,828
Net decrease in time deposits (1,173) (3,589)
Proceeds from exercise of stock options, net of shares withheld to cover (30) 21
Net cash for shares held to cover on restricted stock vesting (1,299) (2,381)
Proceeds from public offering, expense true-up 0 72
Net cash provided by financing activities 716,370 325,951
NET CHANGE IN CASH, DUE FROM BANKS AND RESTRICTED CASH 271,478 267,246
CASH, DUE FROM BANKS AND RESTRICTED CASH, beginning of year 736,970 452,513
CASH, DUE FROM BANKS AND RESTRICTED CASH, end of quarter 1,008,448 719,759
SUPPLEMENTAL SCHEDULE OF OPERATING AND INVESTING ACTIVITIES    
Interest paid 56,768 59,913
Income taxes paid 6,442 6,583
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS    
Lease liabilities arising from obtaining right-of-use assets 90 102
Transfer from loans to loans held for sale $ 7,876,707 $ 2,084,172